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mbs_p

mbs_p (routine)

Mortgage backed security - calculate the price

Introduced in release: 1.0
Component: US MBS
Purpose: Calculates the dollar price for a mortgage backed security given the bond equivalent yield. It uses the monthly cash flows as input.

Alternatives: This routine requires inputs normally provided by other interim routines. The mbs_py routine uses a general descriptive date in computing a price.

Results: The result is returned as the value of the function, accurate to as many places as supported by a double precision value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.

Last Mod Date: 11/26/1996© 2001 TIPS, Inc.Doc Version: 5.0